A source for «Economy News»: Finance covered the deficit with the salaries of employees for the current month by borrowing one trillion dinars


Iraqi currency

money and business

Economy News – Baghdad

An informed source revealed that the Ministry of Finance has provided the salaries of employees and retirees for the current month of September through internal borrowing, oil money and non-oil revenues.

The source told Al-Iqtisad News that the Ministry of Finance was able to provide the salaries of employees for the current month of September, after it was borrowing internally by a state institution, noting that the Ministry of Finance borrowed a trillion dinars yesterday, and salaries will be distributed within the next two days.

He noted that the government borrowed during the current year 14 trillion dinars to pay the salaries of employees.

He added that the salaries of employees during the next month may face a crisis similar to the current month, stressing that the Iraqi state is unable so far to secure the salaries of employees by the end of the year.

https://economy-news.net/content.php?id=22059

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